BNM keeps overnight policy rate steady, flags rising downside risks to growth
Malaysia's central bank has kept the overnight policy rate (OPR) unchanged at 3%, as expected, while flagging rising downside risks to economic growth.
Property managers seek SST exemption on commercial property maintenance fees, sinking funds
The Malaysian Institute of Property and Facility Managers (MIPFM) has submitted a formal appeal to the Ministry of Finance (MOF) and the Royal Malaysian Customs Department to reconsider and exempt maintenance fees and sinking fund contributions for stratified commercial properties from sales and service tax (SST), over a year after its implementation.
Jiankun sues Penang property firm’s directors after failed acquisition, seeks RM12 mil in damages
Jiankun International Bhd (KL:JIANKUN) is taking legal action against two directors of a property developer for failing to complete the share transfer under a RM9.5 million acquisition deal.
Former KL Tower operator plans more legal action over tower's temporary closure
The temporary closure of KL Tower — the first since it began operations — has not calmed the dispute between the government and former operator Menara Kuala Lumpur Sdn Bhd (MKLSB).
Paramount's 70%-owned unit and two others sued over Taman U-Thant land deal
Paramount Corp Bhd (KL:PARAMON) said its 70%-owned unit, Tanah Bayumas Sdn Bhd (TBSB), and two others are being sued over its RM145 million purchase of a luxury condominium site in Taman U-Thant.
Magma’s land buy for a Tioman resort lapses after four years, citing unmet conditions
Magma Group Bhd (KL:MAGMA), formerly known as Impiana Hotels Bhd, announced that its proposed acquisition of five parcels of land in Tioman Island for the development of a resort has lapsed, following the expiry of conditions precedent set out in the sale and purchase agreements (SPAs).
YNH Property launches governance reforms, highlights progress at RM771m JV project
YNH Property Bhd (KL:YNHPROP) has begun implementing governance reforms in response to the findings of an independent review into RM1.1 billion worth of joint venture (JV) and turnkey contracts, the group said in a statement on Thursday.
KIP REIT to acquire RM118m worth of suburban retail assets, boosting portfolio to RM1.5b
KIP Real Estate Investment Trust (KL:KIPREIT) is acquiring four retail properties worth RM118 million in Kuala Selangor and Kuantan, Pahang, marking a strategic suburban expansion.
Seremban Engineering to sell property in Senawang as part of rationalisation plan
Seremban Engineering Bhd (KL:SEB) has proposed to dispose of a piece of land together with a detached factory near Seremban for RM19.5 million, as part of the company's business rationalisation plan.
KPJ to inject two hospital assets into Al-Aqar Healthcare REIT
KPJ Healthcare Bhd (KL:KPJ) has proposed to inject two hospital properties into Al-'Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) for a combined consideration of RM241 million via a sale-and-leaseback arrangement.
